BTCT completes $1M ethereum strategic reserve

* BTC Digital (NASDAQ:BTCT [https://seekingalpha.com/symbol/BTCT]) said on Friday that it has established a strategic reserve [https://seekingalpha.com/pr/20163347-btct-announces-completion-of-1-million-ethereum-strategic-reserve] of $1M in Ethereum (ETH [https://seekingalpha.com/symbol/ETH]).
* This milestone marks the first phase of BTCT's broader initiative to deepen its exposure to Ethereum's on-chain financial infrastructure.
* Building on its origins in large-scale crypto mining, BTCT is undergoing a strategic evolution from "hash-rate provider" to "on-chain financial infrastructure participant."
* The company intends to continuously augment its ETH holdings in alignment with market developments and network upgrades.
* BTC Digital (NASDAQ:BTCT [https://seekingalpha.com/symbol/BTCT]) shares were up more than 15% in premarket trading.

MORE ON BTC DIGITAL

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* Seeking Alpha’s Quant Rating on BTC Digital  [https://seekingalpha.com/symbol/BTCT/ratings/quant-ratings]
* Historical earnings data for BTC Digital  [https://seekingalpha.com/symbol/BTCT/earnings]
* Financial information for BTC Digital  [https://seekingalpha.com/symbol/BTCT/income-statement]